Economy

Econ 101: September 21, 2012

CREDIT:

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • A former high-frequency trader told Congress yesterday that the growth of high-speed electronic stock trading is a “crisis” that requires new regulation. [Washington Post]
  • A Federal Resere official — who had previously been one of the more hawkish members of the central bank — said that the Fed should continue stimulating the economy until unemployment hits 5.5 percent. [The Hill]
  • The Obama administration’s mortgage task force will reportedly start taking legal actions soon. [Reuters]
  • Three states joined a lawsuit arguing that the Dodd-Frank Wall Street reform law is unconstitutional. [Politico]
  • President Obama’s education reform efforts have largely been accomplished without Congress. [Washington Post]
  • Life expectancy for the least educated Americans is falling. [New York Times]
  • Senate lawmakers plan to use the results of an investigation into JP Morgan Chase’s $9 billion trading debacle to push for stronger restrictions against risky bank trades. [Bloomberg]
  • A bipartisan group of lawmakers is trying to pass a five-year farm bill through the House before it recesses ahead of November’s election. [The Hill]